Yoder Wealth Management Inc. Has $2.35 Million Stock Holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Yoder Wealth Management Inc. lifted its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,726 shares of the company’s stock after acquiring an additional 6,395 shares during the quarter. Fidelity MSCI Communication Services Index ETF makes up 1.7% of Yoder Wealth Management Inc.’s portfolio, making the stock its 21st biggest holding. Yoder Wealth Management Inc.’s holdings in Fidelity MSCI Communication Services Index ETF were worth $2,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Gimbal Financial bought a new stake in Fidelity MSCI Communication Services Index ETF in the fourth quarter worth $1,917,000. Williams & Novak LLC bought a new stake in Fidelity MSCI Communication Services Index ETF in the fourth quarter worth $291,000. Colonial River Wealth Management LLC boosted its holdings in Fidelity MSCI Communication Services Index ETF by 71.8% in the fourth quarter. Colonial River Wealth Management LLC now owns 16,432 shares of the company’s stock worth $732,000 after purchasing an additional 6,865 shares in the last quarter. Southern Capital Advisors LLC boosted its holdings in Fidelity MSCI Communication Services Index ETF by 31.6% in the fourth quarter. Southern Capital Advisors LLC now owns 49,971 shares of the company’s stock worth $2,226,000 after purchasing an additional 11,999 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in Fidelity MSCI Communication Services Index ETF by 34.6% in the fourth quarter. Raymond James & Associates now owns 7,096 shares of the company’s stock worth $316,000 after purchasing an additional 1,824 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Up 3.2 %

FCOM stock traded up $1.52 during mid-day trading on Friday, reaching $48.92. 99,142 shares of the stock traded hands, compared to its average volume of 112,759. Fidelity MSCI Communication Services Index ETF has a 52 week low of $35.94 and a 52 week high of $50.76. The business has a 50-day moving average of $48.86 and a two-hundred day moving average of $45.42. The firm has a market capitalization of $1.05 billion, a PE ratio of 27.52 and a beta of 1.22.

Fidelity MSCI Communication Services Index ETF Profile

The Fidelity MSCI Communication Services Index ETF (FCOM) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of stocks in the US communication services sector. FCOM was launched on Oct 21, 2013 and is managed by Fidelity.